Huayu started as a substitute director

Chapter 594 Don’t bully young people into poverty

It was inevitable that the two would fail in their talks, because Fang Hong didn't want to solve the problem with money at all. If he wanted to solve it with money, then why would he go through so much effort and plan for so long?

His purpose was very simple, he just wanted Fatty Yu to be a dog. He had no choice but to be a dog.

You have to be a dog on a leash!

If they are unhappy with someone, they just let Bona take a bite or two and stir up trouble, just like what the United States did to Benzi, very vivid.

Only if Fatty Yu acts as a dog can Bona be controlled by him. If he does not act as a dog, Bona will slowly disappear until it ceases to exist.

This is what he really thinks in his heart.

The negotiation between the two was not disclosed to the outside world, but people in the entertainment industry were still in shock. Everyone was talking about the acquisition of Bona.

Ju Jingyi: "I heard that Bona was acquired by the principal?"

Chen Duling: "Ah?! Really?"

Zhao Lusi: "Really, it was acquired by Liu Tianxian's mother, Liu Xiaoli's company. Isn't the principal dating Liu Tianxian? They are probably married already."

Bai Lu: "How is it now? Does Bona belong to the principal?"

Zhang Ruonan: "Not sure yet, no news."

People outside don’t pay much attention to this kind of thing, but almost everyone in the entertainment industry is gossiping about it.

Just because this matter is closely related to their star career, who dares to say that they will not shoot Yutu's movies or cooperate with Bona in the future?

It has an impact on the fate of each of them.

But the two sides were still fighting, and Fatty Yu began to spread negative news about Yuan Mengtiancheng to the media:

"Yuanmeng Tiancheng's malicious acquisition is an opportunistic arbitrage, not for the purpose of running Bona properly, and has seriously damaged the healthy development of Bona."

The move was supported by Bona executives, including President Jiang Defu, who said: "If Bona is no longer Bona, all our employees will resign."

This means that if Bona changes ownership, they will resign, and if they resign, they will have to pay compensation.

Yuanmengtiancheng is the largest shareholder, and they are responsible for paying the compensation.

Acquisition is not that simple.

This is just Fatty Yu trying to discredit Yuanmeng Tiancheng and gain the support of the employees. After all, those people are his confidants.

Let the outside world know that Yuan Mengtiancheng is evil.

But this was of little use. It just caused more discussion, hoping to make the principal give up.

Bona has a bad reputation and its executives have left, so it's not functioning well. As the largest shareholder, you control Bona, but Bona has no money. Do you have to pay compensation to the executives who leave?

But this could not threaten Fang Hong. If they wanted to leave, they could leave. At worst, he could tear down and sell Bona to pay the compensation. It was impossible to ask him to pay again.

"Surprise! Yutu will acquire Bona Cinemas!" This piece of news is a warning to Fatty Yu.

If anyone dares to have any bad intentions, he will tear down Bona once he takes control of it.

Fatty Yu was very angry, but he knew that he could not do anything to the principal, so he sought help from Tencent and Alibaba again.

The two parties found a professional legal team for him and submitted a request to the China Securities Regulatory Commission and other regulatory agencies to examine whether Yuanmeng Tiancheng had any violations during the acquisition process.

For example, insufficient information disclosure, stock price manipulation, insider trading, etc., are intended to make the acquisition of Yuanmeng Tiancheng illegal.

If it succeeds, then the transactions in the acquisition process will be invalid, the equity transfer will be revoked, and the status before the transaction will be restored. However, this possibility is too small. This is the US Securities and Exchange Commission, not the domestic Securities and Exchange Commission.

Bona is not some awesome and irreplaceable company, so we can only hope that domestic market supervision can stop it.

In addition, they also initiated shareholder lawsuits, demanding the cancellation of the acquisition or compensation for losses if the acquirer harmed the interests of minority shareholders or founders.

Report and investigate, a two-pronged approach, these big guys really know how to do it.

But this is not the end. While Fatty Yu still has control, Bona announced: "New shares will be issued!"

This is to dilute the principal's equity.

The dilution cannot be that much for now, at most 30% of the total share capital, but it can be done a few more times, such as diluting it to 45% this time.

Then the next time it will be diluted to 40%, and his equity will be diluted slowly. Bona has the support of Alibaba and Tencent, and it will be able to dilute the principal sooner or later.

And the two companies can also take the opportunity to enter Bona.

But this is a bit far-fetched. The essence is to scare the principal and make him back off by cooperating with the previous review. Fang Hong was not idle either. He also hired professional lawyers and an audit team to review whether the founder of Bona had violated any regulations during his tenure.

Such as financial fraud, interest transfer, etc.!

Aren’t you going to issue new shares? Then there will be interest transfer.

Yuanmeng Tiancheng announced to the public that it would immediately convene a shareholders' meeting to propose a resolution to reorganize the board of directors, amend the company's articles of association, restrict the power of the founder, and remove the founder.

Even if Fatty Yu cannot be removed directly, he can be removed by amending the company's articles of association. As long as he holds 51% of the shares, he has absolute power in his hands.

Even Steve Jobs, the founder of Apple, was ousted, and Musk has also ousted a founder.

As long as you have the rights, you can play however you want!
The principal wanted to dismiss him, and Fatty Yu was so scared that he couldn't sleep or eat. He didn't know what to do, but luckily there was still some time.

Because the U.S. Securities and Exchange Commission's equity transfer review takes 5 to 10 working days, not including weekends, they still have some time.

But this little bit of time seems to be of little use, and domestic review also takes time. We can only hope that domestic market supervision will reject it.

He had no choice but to go to the Film Bureau to cry to Zhang Hongsen, who was his direct department and leader.

It is also considered an industry regulatory department.

As soon as Fatty Yu arrived, he started crying and telling everyone how the principal had bullied him and how he had been a slave for generations.

I feel wronged, sad, and unwilling. The principal is going too far!
Zhang Hongsen cried and sighed deeply. What was going on? It never stopped.

However, he knew that the principal was obviously taking revenge. When Bona bullied Yutu and Fatty Yu bullied the young couple, they were ruthless.

What happened in the past is still vivid in his mind. Just a few years ago, when Fang Hong first entered this circle, he suffered a lot of their contempt and ridicule.

Liu Tianxian was even banned and abused by countless people.

No one else came here to cry with tears and snot like him.

Thinking about it this way, Hua Yi will probably be retaliated against by the principal, but I don’t know what means the principal will use!
"Oh, I told you a long time ago, things change over time, don't look down on the young and poor!" Zhang Hongsen sighed.

"I know I was wrong. Director Zhang, you must help me. The film industry cannot do without Bona, and China cannot do without Bona!" Fatty Yu spoke incoherently and thought too highly of himself.

"The principal didn't say what to do with Bona, nor did he say to merge Bona with it," said Zhang Hongsen.

The film industry cannot do without Bona, it needs competition, but it can do without you, Fatty Yu.

Bona was not acquired by Yutu and has nothing to do with Yutu. The two parties are still in a competitive relationship. They are acquiring shares normally and it is a market behavior. How can this be stopped?

"It's obvious that it was purchased by the principal. Can't you see that?" Fatty Yu really wanted to say that you are blind.

"I know, but everything is legal and compliant. As long as Bona does not merge into another large film and television company, it is legal," Zhang Hongsen explained.

This made Fatty Yu feel chilled, and he cried even louder and more loudly, attracting the curiosity of the people who came to do business to take a few more glances at him.

“This man is so difficult!”

"That's right. The entertainment industry is probably the one that puts him under the most pressure and offends the most."

Two audience members shook their heads and walked away.

As the two sides went back and forth, reports, lawyers, reviews, audits, and complaints were frequent.

It makes people in the circle dazzled and look forward to who will be the winner.

On April 4, the Beijing Film Festival closed.

The red carpet was star-studded, with male and female celebrities vying for beauty, each one wearing more beautifully than the other, and each one wearing less than the other.

Now the temperature has risen and it's not so cold anymore.

There were also many foreigners and filmmakers from various countries at the scene, most of them were poor brothers, but there were no superstars, because superstars usually would not come.

The only relatively famous one is Luc Besson, he is a judge.

But that did not stop the red carpet from being star-studded. Reporters on both sides, with their cameras and long guns, kept capturing the scenery one by one.

Just as the red carpet was about to end, a deafening scream of "Ahhhh!" was suddenly heard, and reporters on both sides of the red carpet immediately aimed their cameras at it.

Liu Tianxian was seen wearing a pink V-neck long dress. She made her final appearance, looking elegant, gentle and charming.

Her appearance livened up the atmosphere and made the lights brighter. Many foreign celebrities were amazed when they saw her.

People in the domestic entertainment industry feel envious when they see her!
(End of this chapter)